US stock futures held steady overnight ahead of a flurry of delayed data releases that could fill in gaps in Wall Street’s picture of the economy, but are seen as unlikely to change the landscape for rate-cut bets.
S&P 500 (ES=F), Nasdaq 100 (NQ=F), and Dow Jones Industrial Average (YM=F) futures all hugged the flatline, following the third win in a row for US stocks to start the week. Gold (GC=F) and silver (SI=F) also continued to gain steam, adding on to a stunning rally that has the precious metals on pace for their best year in more than four decades.
The string of gains on Wall Street has continued to boost hopes for an end-of-year rally, with the S&P 500 (^GSPC) eyeing a fresh record. After its uptick on Monday, the benchmark index sits just about 0.3% from an all-time high reached earlier this month, before a series of sessions tilted investors out of AI and tech stocks.
But Wall Street has rallied back in recent days, after last week’s data — including a surprise drop in inflation and lukewarm look at labor market — left bets on 2026 interest-rate cuts mostly intact.
Tuesday brings a last gasp of data ahead of the Christmas holiday. Wall Street will get a first look at Q3 GDP on Tuesday, providing a shutdown-delayed glimpse into the health of the US economy ahead of the federal stoppage.
Tuesday morning’s read on consumer confidence from the Conference Board will also be in focus, with one of 2025’s defining narratives centering on the K-shaped economy that has emerged among American shoppers.
US stock markets will wrap up trading early on Wednesday and be closed all day Thursday for the Christmas holiday.
Coming soon
Stock market coverage for Tuesday, December 23, 2025.